Worldwide Revenues for Big Data and Business Analytics Will Surpass $200 Billion in 2020

Big data is an immense part of any innovative business and a fuel for sophisticated decision-making algorithms in the financial services industry and beyond. The importance of the stream of records on customer behavior (whether financial or not) is difficult to overestimate as it provides companies an opportunity to make accurate business choices and stay relevant in the market.

Research suggests that for businesses, the ability to manage big data analytics is critically important to their success or failure in other fields – with IoT, in particular. Big data is especially important for large commerce players that process vast amounts of information on a daily basis. Companies like eBay